Argument: Justice of reneging AIG bonuses would be worth costs

Issue Report: AIG bonuses


James Surowiecki. “The A.I.G. Bonuses and Altruistic Punishment”. New Yorker. March 18, 2009 – “when it comes to the A.I.G. bonuses, the costs of clawing them back are trivial at best, while the public satisfaction at seeing what feels like justice being served will be great. Getting all worked up about this money may not, strictly speaking, be rational, but I think that paradoxically, if some of this money is clawed back, it’ll increase the chances that we’ll be able to keep dealing with the ongoing crisis in a rational way in the future.”